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Cowlitz County commissioners pledge $1 million to support Goldfinch Grove affordable-housing project
Summary
Housing Opportunities of Southwest Washington asked the board for $1,000,000 to close a funding gap on The Landing at Goldfinch Grove, a proposed 74-unit affordable development in West Longview; commissioners voted to approve a county commitment by voice vote to strengthen the agency’s state funding application.
Cowlitz County commissioners voted Dec. 17 to commit $1 million to Housing Opportunities of Southwest Washington to help fill a funding gap for a proposed 74-unit affordable housing project in West Longview.
Jennifer Westerman, chief executive officer of Housing Opportunities of Southwest Washington, told the board the project, The Landing at Goldfinch Grove, would include 31 one-bedroom, 29 two-bedroom and 14 three-bedroom units, a community center, gardens and solar panels. She said the agency is seeking $5 million from the state Department of Commerce and expects a tax-credit investor to bring about $18 million; the current financing gap is $1 million, which she asked the county to commit from recording fees or other local affordable-housing funds.
"We've asked Commerce for $5,000,000, and we have a meeting with them on January 6 where they're going to tell us the outcome of our funding…
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